24 C.F.R. § 1000.146

Current through September 30, 2024

Section 1000.146 - Are binding commitments for the remaining useful life of property applicable to a family member or household member who subsequently takes ownership of a homeownership unit?

No. The transfer of a homeownership unit to a family member or household member is not subject to a binding commitment for the remaining useful life of the property. Any subsequent transfer by the family member or household member to a third party (not a family member or household member) is subject to any remaining useful life under a binding commitment.

24 C.F.R. §1000.146

77 FR 71526, Dec. 3, 2012